DIAGEO DELIVERS GROWTH IN A SLOWING MARKET

It’s no secret that spirits growth is seeing a slight slowdown in the US, but Diageo still managed to outperform the market in its fiscal year results. In the year ending June 30, Diageo said that an increased focus on priority brands delivered strong top-line and bottom-line growth in North America, while operating margins also saw improvement. Overall volume for the continent grew 3%, while net sales were up 7%. Meanwhile, marketing spend rose 5% and operating profit increased 12%.“In